Enterprise is proud to support California Proposition 5, a historic opportunity to empower voters to bring more affordable housing into their communities. We’re committed to creating more affordable, inclusive communities, and we know that making the kind of progress California needs will require bold, transformative change.
It is this commitment to systems change for a more affordable and equitable California that motivated Enterprise to work in partnership with the Legislature, in particular Assembly Majority Leader Aguiar-Curry, to pass both Assembly Constitutional Amendment 1 and 10, which set the stage for Prop 5 this election.
Prop 5 offers voters a historic opportunity to empower local communities to truly address local housing affordability and infrastructure needs. Millions of Californians are struggling with the cost of housing, some facing homelessness, and our solutions must meet the scale of this need. Prop 5 is designed to directly tackle these challenges in a durable way.”
Heather Hood, VP and Northern California Market Leader
Prop 5: Empowering Californians to Create Stronger, More Affordable Communities
Prop 5 gives communities more tools to make housing more affordable for the millions of Californians struggling with high housing costs, while also resourcing the public infrastructure needed to support new housing. Specifically, Prop 5 would allow local communities to approve bonds for affordable housing, critical public infrastructure, and emergency response with a 55% vote. This is a crucial structural change to give voters and communities the ability to meet their own needs for housing, transit, emergency services, and more.
Future local bonds made possible through Prop 5 would support critical community investments, including:
- Building new housing that is affordable for families, seniors, and veterans
- Building supportive housing for people with disabilities and people experiencing homelessness
- Providing first-time homebuyers’ programs
- Repairing and renovating existing affordable owner-occupied and rental housing
- Developing the infrastructure needed for more new housing, like roads, water, and fire stations
- Making vital safety repairs and improvements to roads, bridges, public transportation, clean water systems, and other critical public infrastructure
- Investing in emergency response and preparedness, including fire stations, fire engines, ambulances, and early-warning systems for natural disasters
New research commissioned by the California Housing Partnership and conducted by land economics consulting firm Economic & Planning Systems (EPS) assessed the net economic benefits Proposition 5 could bring to California communities if voters approve it on November 5. The research found substantial economic benefits would accrue to California communities, including savings in housing costs for renters and homebuyers, job creation, economic growth, and climate benefits.
Under Prop 5, local housing and infrastructure bonds must also include strict accountability, oversight, and transparency provisions to help ensure programs deliver results.
The Time is Now
With the election just around the corner, now is the time to lean in to ensure the success of Prop 5 – our communities are counting on us! There is a way for everyone and every organization to get involved, including:
- Endorsing Prop 5 and contributing to the campaign
- Sharing information about Prop 5 with your network
- Posting about Prop 5 on social media
- Finding a community event near you to knock doors, text or call voters, or share information at events
Learn more about Proposition 5 and how to get involved.
